France looks set to become the next investment hotspot for UK landlords. French homes have been off the agenda for many property investors in recent years, as tax rises and a sluggish economy have combined to keep prices and rental returns down. The evidence is coming from several directions that this may be about to change. Driven by punitive actions by the UK government and a return to French competitiveness, investors are being both pushed and pulled to France.
With just a few weeks left to go before the EU Referendum on June 23rd, the latest polls seem to be showing that the vote is going to be very close indeed. Many expats here in France confess to not being totally aware of what would actually happen if Britain left the EU and there is some evidence to suggest the feeling may be the same for many in the UK.
The High Court ruling today confirmed that any British expats who have been living away from the UK for over 15 years are unable to vote on whether the UK should stay or leave the EU. The case was spearheaded by a 94 year old veteran of World War II, Harry Shindler, who is resident in Italy, and a lawyer, Jacquelyn MacLennan. Their case was based on the argument that by denying them the right to vote on whether the UK should stay in or leave the EU, their right to freedom of movement under EU law was restricted, stating that their lives will be directly affected by the outcome of the referendu
For the past few years, the French property market has been fairly stagnant, with little to no movement in the average house price. This has not been particularly great for the sellers across the country, but for buyers from overseas, holidaymakers and expats alike, it presented a great opportunity – forming what can only be described as a buyers’ market.
There are still some wonderful bargains around in France if you are looking for a house with outside space, which may need complete or partial renovation. For many years, the French have realised that it is the Brits who love renovation, and historically, they have not been too interested in improving their properties. This means that you are unlikely to have any trouble finding a character property with original features (perhaps a barn, as well as outside space), which needs updating or modernisation in some way. But are you up for it? You need to consider how you will go about renovating th
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